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Hi,
I heard that if the total balance of all foreign accounts exceeded $10,000 in 2011, you need to file FBAR form & report the interest during filing of US tax.
Now, I've calculated sum of all the interest that I received in India from all of my indian bank accounts.
How do I convert it to dollar amount? I mean what dollar conversion rate do I need to apply here to convert rs to dollars?
Thanks!
I heard that if the total balance of all foreign accounts exceeded $10,000 in 2011, you need to file FBAR form & report the interest during filing of US tax.
Now, I've calculated sum of all the interest that I received in India from all of my indian bank accounts.
How do I convert it to dollar amount? I mean what dollar conversion rate do I need to apply here to convert rs to dollars?
Thanks!
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